India is currently the leading country of origin for billionaire immigrants in the US, Forbes noted in its 'America's Richest Immigrants 2025' list published. Israel and Taiwan are next on the list. Cybersecurity mogul and CEO of Zscaler, Jay Chaudhry, is the richest Indian-American in the US. He has a whopping net worth of over $17.9 billion.
The 125 billionaire immigrants identified by Forbes hail from 43 countries. But nearly two-thirds of them were born in India, Israel, Taiwan, Canada, China and five other nations.
Newcomers from India include Alphabet CEO Sundar Pichai, Microsoft chief Satya Nadella and Nikesh Arora, who has run cybersecurity company Palo Alto Networks since 2018.
India (7) was behind Israel, Canada, and on par with China in terms of origin for billionaire immigrants in 2022. However, India now leads the list with 12. Israel (11) and Taiwan (11) are next in the 2025 list. China had (7) in 2022 and eight in 2025.
Linda Yaccarino Steps Down as CEO of Elon Musk's X
Linda Yaccarino announced that she's stepping down from her role as CEO of X (formerly Twitter), bringing an end to a brief but intense stint at the top of one of the internet's most high-profile platforms.
Yaccarino was brought in by Elon Musk in 2023, just months after his takeover of Twitter. At the time, Musk was under growing pressure — especially from Tesla shareholders — to delegate responsibilities and bring stability to the platform. Yaccarino, a veteran advertising executive who previously headed NBCUniversal's ad business, was seen as the ideal pick to help fix X's strained relationship with advertisers and restore credibility with brands.
MCX Launches India's First Electricity Futures Contracts
India's Multi Commodity Exchange (MCX) launched the country's first electricity futures contracts, providing power generators, distribution companies, and large industrial consumers with a tool to hedge their risks.
Jul 10, 2025
Puneet Gupta Steps Down as CEO after Clensta's Acquisition
Puneet Gupta, Founder and CEO of Clensta, announced that he is stepping down as CEO following the acquisition of Clensta, a personal care innovator best known for its waterless technology solutions.
This transition marks the end of a decade-long journey that saw Gupta move from aerospace and defense innovation to building one of India's most recognized tech-backed personal care brands.
H&H Aluminium Pvt Ltd Inaugurates India's Largest Solar Panel Frame Plant
Gujarat-based H&H Aluminium Pvt Ltd launched India's largest and most advanced aluminium solar frame manufacturing plant at Rajkot, Gujarat (India). The 24,000 metric tons (MT) per annum capacity can power and support up to 6 Gigawatt (GW) solar installation in India.
The plant was inaugurated by C. R. Patil, Union Minister of Jal Shakti, Government of India, in the presence of senior Government officials, the leadership team of H&H Aluminium and all invited dignitaries.
Digital Connexion Appoints C. R. Srinivasan as CEO
Digital Connexion, a provider of scalable data centre, collocation and interconnection solutions announced the appointment of C. R. Srinivasan as its Chief Executive Officer (CEO).
Digital Connexion is a joint venture (JV) between Brookfield Asset Management, Reliance Industries Limited and Digital Realty. It is investing in over 140MW of AI-ready data centre capacity across Chennai and Mumbai in its first wave of investment to meet growing hyperscale and enterprise demand.
Jul 09, 2025
Hardeep Singh Brar New CEO of BMW India
BMW Group India announced a change in personnel at the helm with Hardeep Singh Brar appointed as the President and Chief Executive Officer effective September 1, 2025.
Hardeep Singh Brar succeeds Vikram Pawah who is taking charge as Chief Executive Officer of BMW Group Australia and New Zealand.
Brar has over thirty years of experience in the Indian automotive industry, having held various senior management positions. Previously, Brar has led key functions in sales, marketing, customer experience, network development, and corporate strategy across multiple brands, including Maruti-Suzuki, Volkswagen Passenger Cars, General Motors, Nissan Motor, and Great Wall Motor Company.
Trump Imposes 50% Tariffs on Copper
US President Donald Trump announced 50 per cent tariffs on copper, after having implemented similar duties on steel and aluminium. He added that tariffs on pharmaceuticals could rise to 200 per cent after a year.
This is significant for India, which exported $2 billion worth of copper and copper products globally in 2024–25, with the US accounting for $360 million, or 17 per cent, of that total. The US is also India's largest overseas market for pharmaceuticals. Drug exports to the US rose to $9.8 billion in FY25, up 21 per cent from $8.1 billion the previous year, and now account for 40 per cent of India's total pharma exports.
Apple names Indian-origin Sabih Khan as COO
Apple Inc. announced a major leadership change, naming India-born Sabih Khan as its new Chief Operating Officer (COO). Khan will succeed long-time executive Jeff Williams later this month (July 2025), as part of a planned succession strategy under CEO Tim Cook.
Khan who has been with Apple since 1995 is widely credited with transforming the company's global supply chain. Since 2019, he has led Apple's operations team, overseeing manufacturing, supplier responsibility, and environmental sustainability initiatives across the globe. As COO, Khan will be number two in the tech firm below Tim Cook.
Jul 08, 2025
Colombia and Uzbekistan join NDB ahead of 17th BRICS Summit
Colombia and Uzbekistan officially joined the New Development Bank (NDB) just before the 17th BRICS Summit. This move increases the total number of NDB members to 11 countries. The announcement was made following the bank's 10th Board of Directors meeting, as the bank continues to support growth and development in emerging nations.
The New Development Bank, also known as NDB, was created in 2015 by the original BRICS nations—Brazil, Russia, India, China, and South Africa. Over time, more countries joined, including Bangladesh, UAE, Egypt, and Algeria. Now, with Colombia and Uzbekistan joining, the bank has 11 member countries.
Trinidad & Tobago Joins UPI Network for Indian Travellers
Trinidad and Tobago became the eighth country in the world, and the first in the Caribbean, to offer UPI (Unified Payments Interface) services for Indian travellers. This move allows Indian visitors to make payments directly in rupees using their mobile UPI apps.
UPI (Unified Payments Interface) is a fast and secure digital payment system developed in India. It allows people to send or receive money using just a mobile phone and internet connection. Now, with UPI available in other countries, Indian tourists don't need cash or forex cards to shop or dine abroad.
With Trinidad and Tobago joining, UPI is now live in eight countries, United Arab Emirates (UAE), Singapore, France, Bhutan, Nepal, Sri Lanka, Mauritius and Trinidad and Tobago.
Government Awards Seven-star Ratings to Three Mines for Green Practices
The Ministry of Mines awarded seven-star ratings for the first time to three mines – Ultratech Cement's Naokari limestone mine, Tata Steel's Noamundi iron ore mine, and Sandur Manganese and Iron Ore Ltd.'s Kammatharu mine.
In total, 98 mines were recognised at the felicitation ceremony held at the Rajasthan International Centre in Jaipur for their performance in 2023-24. Three mines received seven-star ratings, while 95 were awarded five-star ratings.
Adani Power Completes Acquisition of 600 MW Vidarbha Power
Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore.
VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).
Jul 07, 2025
World Bank ranks India 4th among the world's Most Equal Societies
World Bank placed India among world's Most Equal Societies. According to the World Bank, India's Gini Index stands at 25.5, making it the fourth most equal country in the world, after the Slovak Republic, Slovenia and Belarus. The Gini Index is a simple yet powerful way to understand how income, wealth or consumption is equally distributed across households or individuals in a country.
India falls into the "moderately low" inequality category, which includes Gini scores between 25 and 30. India is only a fraction away from joining the "low inequality" group, which includes countries like the Slovak Republic with a score of 24.1, Slovenia at 24.3, and Belarus at 24.4. Apart from these three, India has a better score than all the other 167 countries for which the World Bank has released data.
Sahil Kini New CEO of RBI Innovation Hub
Sahil Kini was appointed as the new CEO of the Reserve Bank Innovation Hub (RBIH). This appointment follows a long search process that saw over 400 candidates applying for the top job. The RBIH is an important part of the Reserve Bank of India's plan to boost financial technology innovation in the country.
Sahil Kini takes over the leadership from Rajesh Bansal, who served as the founding CEO of RBIH for four years. Under Bansal, the hub launched important initiatives like the Frictionless Credit platform and the Swanari program, which aimed to make financial services more accessible to women.
The Reserve Bank Innovation Hub was set up in 2022 as a fully owned arm of the Reserve Bank of India, located in Bengaluru.
Eternal Appoints Aditya Mangla as CEO of Food Ordering and Delivery
Eternal, the parent company of food delivery aggregator Zomato, announced the appointment of Aditya Mangla as the Chief Executive Officer (CEO) of its food ordering and delivery business.
Mangla took over the role from Rakesh Ranjan, who completed a two-year stint as CEO of the food ordering and delivery business.
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